Inceptionr LLC Purchases 2,136 Shares of Caterpillar Inc. $CAT

Inceptionr LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 398.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,672 shares of the industrial products company’s stock after acquiring an additional 2,136 shares during the quarter. Caterpillar makes up 0.5% of Inceptionr LLC’s investment portfolio, making the stock its 26th largest position. Inceptionr LLC’s holdings in Caterpillar were worth $1,893,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CAT. Axxcess Wealth Management LLC boosted its position in shares of Caterpillar by 2.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock valued at $12,844,000 after acquiring an additional 604 shares during the last quarter. Juno Financial Group LLC purchased a new stake in shares of Caterpillar in the 4th quarter worth $877,000. DSG Capital Advisors LLC bought a new stake in shares of Caterpillar in the 1st quarter valued at approximately $1,226,000. Cornerstone Planning LLC bought a new position in Caterpillar in the fourth quarter worth about $4,517,000. Finally, Ticino Wealth purchased a new position in Caterpillar during the fourth quarter valued at $2,488,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Jefferies Financial Group increased their price target on Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Caterpillar in a report on Friday, May 8th. Robert W. Baird increased their price target on shares of Caterpillar from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Finally, Argus lifted their price objective on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Fifteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $980.57.

Insider Buying and Selling

In other Caterpillar news, insider Denise C. Johnson sold 12,605 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the transaction, the insider owned 49,825 shares in the company, valued at approximately $45,236,615.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 16,283 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the completion of the transaction, the insider owned 46,041 shares in the company, valued at $42,210,388.80. This trade represents a 26.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 95,773 shares of company stock valued at $87,642,635 over the last quarter. Company insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $893.02 on Friday. The company has a market capitalization of $411.32 billion, a PE ratio of 44.45, a P/E/G ratio of 1.74 and a beta of 1.57. Caterpillar Inc. has a 12 month low of $405.46 and a 12 month high of $1,073.46. The stock has a 50-day moving average price of $928.87 and a two-hundred day moving average price of $803.52. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. The business had revenue of $17.41 billion during the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.25 EPS. Analysts expect that Caterpillar Inc. will post 24.87 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, July 20th. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 0.7%. Caterpillar’s dividend payout ratio (DPR) is currently 32.45%.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.